Swedish rental property ownership from Australia, and resolving joint ownership dispute ... any advice appreciated!

Vardagsekonomi
1

We are looking for ideas how to resolve this issue whilst minimising financial loss. Any ideas appreciated!

My partner bought a property with his father 10 years ago and they both put in 350,000kr for the deposit. Since they have renovated so there are two apartments providing rents and potential for 3 more. My partner has put in 2000 hours over this time and his father has put in a bit more.

The project has been damaging to their relationship and my partner wants out. We are moving to Australia so it will be difficult to manage a joint project from afar.

Other than selling this, how do we resolve it?

2

Well… selling would be the best way to make a clean cut. But since that is out of the question:

  • Setting up a contract stating partial ownership and a cut to the rent?
  • Creating a company (AB) with your partner owns partial stocks some how? (this will make your partner non exclusive tax payer to Sweden)
  • Selling it with a loan payoff? Say hourly rate 850SEK*2000+350 000 deposit+Renovation costs?
    Paying back with 5% interest rate with a payof over 10 years?

Just thoughts.